Quanta Computer Inc (廣達電腦) is to invest NT$910 million (US$32.15 million) to expand capacity in Thailand through its subsidiary QMB Co, the company said in a regulatory filing yesterday.
The investment is part of Quanta’s NT$2 billion Thai expansion plans, which it announced in a regulatory filing in November last year.
QMB was established in 2019 as a part of Quanta’s efforts to exit China amid a US-China trade dispute.
Photo: Tu Chien-jung, Taipei Times
In an investors’ conference call, Quanta chairman Barry Lam (林百里) described the move to Thailand as a “must.”
According to the Taiwan Stock Exchange filing, Quanta entered into a contract with Cheer You Construction Thailand (啟宇營造).
The money would be used for materials and construction of factory facilities for “expanding production capacity, it said.
Quanta’s board approved the plan the same day, it said.
Quanta is the world’s biggest contract notebook computer maker, although Lam told an investors’ conference in November last year that the company is expanding its business into new technologies, such as robotic arms, artificial intelligence testing equipment and driverless vehicles.
In addition to investing in Thailand, Quanta has continued to expand its Taiwanese production capacity.
Chinese-language online news outlet cnYES.com reported that Quanta has completed a third production building across the road from its headquarters in New Taipei City’s Linkou District (林口) to produce servers and other high value-added products starting from the second quarter of this year.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest
RSS